Action Type
Quick Wins
Advancing decarbonization requirements in procurement
Decarbonize procurement by defining requirements tailored to: supplier context, timing in negotiation, desired inputs/outcomes, degrees of fulfillment, rewards/penalties, and scale
BCG
Designing a supplier engagement program
Develop supplier engagement plans for Scope 3 upstream decarbonization by securing buy-in, segmenting, tailoring engagement, and supporting the decarbonization journey of suppliers
BCG
Decarbonize suppliers through a collaborative approach
Decarbonize the supply chain by incentivizing suppliers and collectively building decarbonization capacity, as well as connecting them to CDP
Philips
Redesigning the value chain and sourcing strategies
To meet emissions targets and decarbonize at scale, companies need to pursue innovative business models and technologies, and transform their value chains for sustainability.
BCG
Building partnerships through alliances and co-investments
Partnerships help solve multiple supplier decarbonization challenges. When selecting partners, consider who to work with, what issues to target, and how to ensure effectiveness.
BCG
Creating financial incentives for suppliers
Supplier decarbonization can be incentivized financially or non-financially. Understanding supplier context and related benefits and risks is key for implementation.
BCG
Implement circularity in value chains to reduce emissions
Circular economy approaches in the value chain address inputs, product design, production, and end-of-life activities to increase reuse and recycling of raw materials and products
BCG